Manager, Impact Investment

About Tapestry Community Capital

Tapestry Community Capital is a leading not-for-profit organization dedicated to democratizing community investment. The organization specializes in assisting community organizations with raising funds through community bonds—an innovative financing tool for socially and environmentally beneficial projects. Since its inception, Tapestry’s clients have successfully raised over $110 million in community investments from thousands of retail and institutional investors. The organization provides expert guidance, a custom-built investment platform, and a passion for social change to support its clients. Services include structuring investment offerings, advising on fundraising strategies, and providing a technology platform for investment administration. Tapestry is committed to social impact and community improvement, making it an eminent figure in the field of impact investing.

About this Role

As the Manager, Impact Investment at Tapestry Community Capital, you will play a pivotal role in bringing innovative impact investment products to market, ensuring they align with regulatory standards. This position is integral to Tapestry’s mission, combining financial acumen with a passion for social impact. Reporting directly to the Co-Executive Directors, you will collaborate closely with the Campaigns and Investment Administration teams to meet and exceed organizational goals. The role involves conducting due diligence to assess new and potential clients for appropriateness for community bonds. You will support client financial modeling and business planning by reviewing materials produced or provided by clients. You will be responsible for preparing offering documentation, ensuring adherence to regulatory compliance standards, and managing the preparation of detailed investment documents for clients with a focus on comprehensive disclosure. This position requires a deep understanding of financial statements and business plans to review feasibility and risk associated with investment opportunities. You will educate staff on compliance requirements, develop and implement compliance policies and procedures, and serve as the primary point of contact for regulatory bodies.

Responsibilities

• Conduct Due Diligence:
• Assess incoming client projects through comprehensive due diligence, evaluating their potential for community investment.
• Analyze client-provided information, including financial statements and business plans, to review the feasibility and risk associated with investment opportunities.
• Collaborate with clients to identify key project strengths and areas for improvement.
• Support Financial Modeling and Business Planning:
• Assist clients in using Tapestry’s financial modeling tool, integrating community investment into their own financial models and projections.
• Review client financial projections and support the assessment of the feasibility of financing through community investments.
• Identify critical information in financial disclosures to aid in the development of investment offering documentation.
• Prepare Offering Documentation:
• Manage the preparation of offering documentation (offering statements, offering memorandums, trust agreements, etc.) based on client registration status and regulatory requirements.
• Research, review, and communicate regulatory requirements to clients and the Tapestry team, including necessary approvals and filings.
• Draft offering documentation based on client-provided business plans and financial models, using templates and prior examples.
• Ensure alignment between business plans, financial models, and offering documentation.
• Liaise with clients’ legal counsel and prepare drafts of offering documentation, incorporating feedback from all parties involved (legal counsel, Tapestry team, clients).
• Manage timelines and expectations to ensure an efficient documentation process.
• Ensure Regulatory Compliance:
• Coordinate with the Tapestry team and clients to organize financial documents, offering documents, and supplementary materials securely.
• Ensure regulatory filings are completed in accordance with jurisdictional requirements.
• Develop, implement, and oversee compliance policies and procedures.
• Conduct compliance risk assessments and audits.
• Educate staff on compliance requirements and best practices.
• Serve as the primary point of contact for regulatory bodies.

Requirements

• Degree in Business, Finance, Economics, or a related discipline.
• 3+ years of experience in a finance role with increasing responsibility.
• Experience analyzing, reviewing, and/or drafting investment offering statements, memorandums, prospectuses, and/or participating in financial due diligence processes.
• Proficiency in drafting, reviewing, and/or analyzing financial models.
• Ability to understand and analyze financial statements (balance sheet, cash flow, income statement).
• Understanding of accounting principles and/or investment administration.
• Experience preparing and/or analyzing legal briefs.
• Experience in investment or fund administration.
• Knowledge of exempt market securities, compliance, and regulatory frameworks. Preferred Qualifications:
• Accounting designation (e.g., CFA, CA, CGA, CMA) or professional designation as a lawyer.
• Completion of the Canadian Securities Course Exam or Exempt Market Products Exam, or willingness to take it.
• Experience in real estate and/or affordable housing finance.

Benefits

• Competitive Annual Salary: $80,000 – $95,000, based on experience.
• Flexible Work Environment: Enjoy a remote-first approach with the option to work from home, our Toronto head office, or a paid membership to a co-working space in your community.
• Generous Time Off: 4 weeks of paid vacation, plus an additional two-week winter holiday office closure. Half-day Fridays during July and August and your birthday as an extra paid holiday.
• Comprehensive Health Coverage: Extended health benefits including paramedical, dental, and vision care.
• Financial Perks: RRSP matching plan, and reimbursements for 50% of home internet and 80% of cell phone expenses.
• Professional Growth: Participate in shaping the growth of a unique, impactful organization, and receive support for continuous learning and career development.